The HOT Sauce Blog for Entrepreneurs

The answer depends on too many variables, so let’s assume you’re a high-tech early-stage company looking for capital with realistic prospects of doing say $50 million or more in five years (i.e., VC material). First, you’ll need a good securities attorney. These are the folks that make sure that you have the right corporate form (usually a C corporation), get you set up in the right state (often your home state, but possibly a place like Delaware or Nevada), draw up the incorporation documents, review or create nondisclosure agreements, review [Read More]

The most difficult part of starting a company is getting started. Most “entrepreneurs” are all talk and no action. How do you get started? Read a few good books, like The Art of the Start by Guy Kawasaki. Research like hell. Get your friends and family to believe in your vision. Most importantly, just create something useful and start selling it. It doesn’t have to be perfect as long as customers are willing to pay for it. Perfection can come later, once you have more resources. For now, focus on [Read More]